Vital Signs Chart: Strength in Service Sector

The service sector is growing as manufacturing shrinks. A gauge of service businesses by the Institute for Supply Management showed activity rising to 53.7 in August from 52.6. Readings over 50 indicate expansion. A services employment index rose to 53.8 from 49.3, the highest level in four months. ISM’s factories report has contracted for three straight months.

About Real Time Economics

Real Time Economics offers exclusive news, analysis and commentary on the U.S. and global economy, central bank policy and economics. Send news items, comments and questions to the editors and reporters below or email realtimeeconomics@wsj.com.